Overview
For purposes of this brochure, the “Adviser” means Equality Asset Management, LP, a Delaware
limited partnership, together (where the context permits) with its affiliated general partners of the
Funds (as defined below) and other affiliates that provide advisory services to and/or receive
advisory fees from the Funds. Such affiliates may or may not be under common control with
Equality Asset Management, LP, but possess a substantial identity of personnel and/or equity
owners with Equality Asset Management, LP. These affiliates may be formed for tax, regulatory
or other purposes in connection with the organization of the Funds, or may serve as general
partners of the Funds.
The Adviser provides investment supervisory services to investment vehicles (the “Funds”) that
are exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the
“Securities Act”).
The Funds make primarily long-term private equity and equity-related investments, as well as
investments in debt instruments. In accordance with the Funds’ respective investment objectives,
investments are generally made in mid-size companies doing business in the technology and
healthcare sectors. The Adviser’s advisory services consist of investigating, identifying and
evaluating investment opportunities, structuring, negotiating and making investments
on behalf
of the Funds, managing and monitoring the performance of such investments and disposing of
such investments. The Adviser may serve as the investment adviser or general partner to the
Funds in order to provide such services.
The Adviser provides investment supervisory services to each Fund in accordance with the
limited partnership agreement (or analogous organizational document) of such Fund or separate
investment and advisory, investment management or portfolio management agreements (each, an
“Advisory Agreement”).
Investment advice is provided directly to the Funds, subject to the discretion and control of the
applicable general partner, and not individually to the investors in the Funds. Services are
provided to the Funds in accordance with the Advisory Agreements with the Funds and/or
organizational documents of the applicable Fund. Investment restrictions for the Funds, if any,
are generally established in the organizational or offering documents of the applicable Fund,
Advisory Agreements and/or side letter agreements negotiated with investors in the applicable
Fund (such documents collectively, a Fund’s “Organizational Documents”).
Equality Asset Management, LP is controlled by Thomas S. Roberts. The Adviser has been in
business since 2018. As of December 31, 2023 the Adviser manages a total of $361,821,324 in
regulatory assets under management, all of which is managed on a discretionary basis.